Resolutions adopted at SSAB’s 2012 Annual General Meeting

 | Source: SSAB AB SSAB AB 

Resolutions adopted at SSAB’s 2012 Annual General Meeting

SSAB’s Annual General Meeting took place today, March 26, 2012, in Stockholm.

Dividend

The Annual General Meeting determined the dividend at SEK 2.0 per share, with
March 29, 2012 as the record date. Payment from Euroclear Sweden AB is expected
to take place on April 3, 2012.

Discharge from liability

The Annual General Meeting granted the directors and the President discharge
from liability for the 2011 financial year.

Board fees

The Annual General Meeting resolved upon board fees in the amount of SEK
1,425,000 to the Chairman of the Board and SEK 475,000 to each director who is
not employed in the Group. Compensation to members for committee work shall be
payable in the amount of SEK 100,000 each, with the exception of the Chairman of
the Audit Committee, who shall receive SEK 125,000. Fees to auditors shall be
payable in accordance with approved invoices.

Directors

It was resolved that the Board of Directors shall comprise nine members.
Directors Anders G Carlberg, Jan Johansson, Martin Lindqvist, Annika Lundius,
Sverker Martin-Löf, Anders Nyrén, Matti Sundberg, John Tulloch and Lars
Westerberg were re-elected.

Sverker Martin-Löf was re-elected as Chairman of the Board.

Auditors

It was resolved that the number of auditors shall comprise a registered
accounting firm. PricewaterhouseCoopers was re-elected up to and including the
2013 annual general meeting.

Nomination Committee

An instruction for the nomination committee was adopted. The instruction is
substantially the same compared to the previous year, but will now apply until
further notice.

Guidelines for determination of salary and other remuneration to the President
and other senior executives

Guidelines for determination of salary and other remuneration to the President
and other senior executives were adopted in accordance with the Board’s proposal
as set forth in the notice to attend the Annual General Meeting.

The full text of the guidelines is available on SSAB’s website.
 

The information was provided for publication on March 26, 2012.

For further information, please contact:

Helena Stålnert, Executive Vice President, Communications +46 8 45 45 734

Catarina Ihre, Director, Investor Relations                             +46 8 45
45 729

SSAB is a global leader in value added, high strength steel. SSAB offers
products developed in close cooperation with its customers to create a stronger,
lighter and more sustainable world. SSAB has employees in over 45 countries and
operates production facilities in Sweden and the US. SSAB is listed on the
NASDAQ OMX Nordic Exchange, Stockholm. www.ssab.com.

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